SPDR Gold Shares (NYSEARCA:GLD) Stake Boosted by Sprott Inc.

Sprott Inc. raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,829 shares of the exchange traded fund’s stock after buying an additional 379 shares during the quarter. Sprott Inc.’s holdings in SPDR Gold Shares were worth $927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GLD. Concord Wealth Partners grew its position in SPDR Gold Shares by 27.9% during the 3rd quarter. Concord Wealth Partners now owns 687 shares of the exchange traded fund’s stock worth $167,000 after purchasing an additional 150 shares in the last quarter. Strategic Wealth Investment Group LLC boosted its position in shares of SPDR Gold Shares by 5.0% in the third quarter. Strategic Wealth Investment Group LLC now owns 96,752 shares of the exchange traded fund’s stock worth $23,763,000 after buying an additional 4,615 shares during the period. Cantor Fitzgerald Investment Advisors L.P. grew its holdings in shares of SPDR Gold Shares by 7.5% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 1,612 shares of the exchange traded fund’s stock valued at $392,000 after buying an additional 112 shares in the last quarter. Fortitude Family Office LLC acquired a new position in SPDR Gold Shares during the third quarter valued at $52,000. Finally, Integrated Advisors Network LLC lifted its stake in SPDR Gold Shares by 9.5% in the 3rd quarter. Integrated Advisors Network LLC now owns 34,052 shares of the exchange traded fund’s stock worth $8,277,000 after acquiring an additional 2,960 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 1.3 %

Shares of NYSEARCA GLD opened at $268.62 on Wednesday. SPDR Gold Shares has a one year low of $187.53 and a one year high of $272.32. The business has a 50-day moving average price of $254.04 and a two-hundred day moving average price of $246.15. The firm has a market capitalization of $80.75 billion, a PE ratio of -28.59 and a beta of 0.20.

SPDR Gold Shares Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).